NH - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | NH | Market Cap | 36,102 Cr. | Current Price | 1,767 ₹ | High / Low | 2,372 ₹ |
| Stock P/E | 73.1 | Book Value | 114 ₹ | Dividend Yield | 0.25 % | ROCE | 19.4 % |
| ROE | 21.0 % | Face Value | 10.0 ₹ | DMA 50 | 1,758 ₹ | DMA 200 | 1,769 ₹ |
| Chg in FII Hold | -1.12 % | Chg in DII Hold | 1.23 % | PAT Qtr | 109 Cr. | PAT Prev Qtr | 138 Cr. |
| RSI | 52.0 | MACD | 15.4 | Volume | 1,77,813 | Avg Vol 1Wk | 2,16,300 |
| Low price | 1,564 ₹ | High price | 2,372 ₹ | PEG Ratio | 1.58 | Debt to equity | 0.69 |
| 52w Index | 25.1 % | Qtr Profit Var | 37.1 % | EPS | 22.6 ₹ | Industry PE | 47.1 |
📈 Chart & Trend: NH is trading close to its 50 DMA (1,758 ₹) and 200 DMA (1,769 ₹), indicating consolidation with neutral bias. RSI at 52.0 reflects balanced momentum, while MACD at 15.4 shows mild bullish crossover. Bollinger Bands are moderately tight, suggesting limited volatility and sideways movement.
🔎 Momentum Signals: Short-term momentum is neutral-to-positive. Strong support lies at 1,740–1,750 ₹, while resistance is seen at 1,820–1,850 ₹. Entry zone: 1,740–1,760 ₹. Exit zone: 1,820–1,850 ₹.
📊 Volume Trends: Current volume (1.77 lakh) is below the 1-week average (2.16 lakh), indicating reduced participation and consolidation pressure.
Positive
- Strong ROE (21.0%) and ROCE (19.4%) highlight efficient capital use.
- EPS of 22.6 ₹ supports valuation comfort.
- DII holdings increased (+1.23%), showing domestic institutional support.
- PEG ratio of 1.58 indicates fair growth potential relative to valuation.
Limitation
- High P/E (73.1) compared to industry average (47.1) suggests overvaluation.
- Quarterly PAT declined (109 Cr. vs 138 Cr.), raising earnings concerns.
- Stock trading near both 50 DMA and 200 DMA signals indecisive trend.
Company Negative News
- FII holdings declined (−1.12%), showing reduced foreign investor confidence.
- Sequential PAT decline highlights earnings pressure.
Company Positive News
- DII inflows (+1.23%) reflect strong domestic institutional support.
- Quarterly profit variation (+37.1%) shows resilience despite weaker PAT.
Industry
- Industry PE at 47.1 highlights NH trades at a premium (P/E 73.1).
- Healthcare sector outlook remains positive with rising demand for medical services.
Conclusion
⚖️ NH is consolidating near support levels with neutral momentum. Strong fundamentals and domestic inflows provide stability, but high valuation and weak quarterly profits limit upside potential. Best suited for cautious accumulation near 1,740–1,760 ₹ with profit booking around 1,820–1,850 ₹.